In order to complete the financial plan, maintain or raise the stock price, increase capital and share allotment, obtain loans, and maintain the listing qualification, listed companies often use various means to falsely report profits. Common profit manipulation means include improper accounting of special transactions (such as creditor's rights, debt restructuring, non-monetary transactions, related transactions, etc.). ), abuse of accounting policies and changes in accounting estimates, incorrect recognition of expenses and liabilities, and asset fraud. Among all kinds of profit manipulation methods, asset fraud occupies the main position. In recent years, most of the cases of financial statement fraud that have great influence in China are related to asset project fraud, among which listed companies such as Qiongminyuan, Lantian, Dongfang Boiler and Chengdu Hong Guang are typical. Fake companies generally use five means to illegally increase asset value and inflated profits, namely, fictitious income, false time difference, concealment of liabilities and expenses, false disclosure and asset pricing fraud. Among them, asset appraisal fraud is the usual method of asset fraud. However, due to its variety, strong liquidity and diverse pricing methods, inventory overvaluation constitutes the main part of asset pricing fraud. The analysis of it is the focus of this paper. Among Chinese and foreign listed companies, there are many cases involving inventory fraud, including mckesson & Robbins, Swindon Salad Oil Company, Stock Fund, ZZZZ Best Company, Fallmo Company, China Hong Guang Industrial Company, Tianjin Xia Guang (Group) Co., Ltd., etc. The fraud schemes planned by these companies have brought great audit risks to certified public accountants. Here will introduce the typical case of Fallmo Company in the United States. Second, the case of Fallmo Company Mickey Monas likes almost all sports since he was a child, especially basketball. However, due to the limitation of talent and height, he has no chance to play in a professional team. However, Monas does have a characteristic that all top players have, that is, he has an irresistible desire to win. Monas shifted his endless energy from the court to his chairman's office. He first managed to open a drugstore in Yangtutun, Ohio, and then